Archive for the ‘business’ Category

@maurilio:

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Success and the Perseverance Principle

The difference between success and failure in any venture often cannot be attributed to a single incident or cause. It’s usually a culmination of factors including timing, execution, assumptions, economic factors, and more. While much has been written on the success of start ups, one factor usually sticks out in my mind. Recently a friend who is in the process of starting a business told me he was “overwhelmed and not sure of what he was doing.” I can relate to that feeling well. But my advice to him still rings true from the early days of my company, The A Group. My words of encouragement were simple: “Don’t quit. Success is 90% perseverance.” I can’t quantify the percentage. But I know that the great majority of the successes I have seen in my professional career both in business as well as in ministry have been directly tied to my…

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How to Write Marketing Copy that Works

Words are powerful. They can move people into action. They inspire, they challenge, they amuse, but words also sell. Regardless of your industry, you are in sales. We all are, especially those who are in the non-profit sector or church leadership. It’s perhaps the most important of all sales: hope for better days and the ultimate hope of eternal life. Here are some key points to consider when writing copy that’s going to be used to compel and motivate people into action. Write to a person. Unless you understand your target audience, you cannot communicate effectively. Writing to “everyone” guarantees that you reach “no one.” Have a person in mind as you craft your words. Are you writing to a 50 year-old business professional, or a 35-year old stay-at-home mom with snotty-nose kids running around the house? Understand your audience’s motivation. Forget your agenda for a minute and try to…

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20

What Should You Stop Doing?

“Every leader must learn that just because you can do something, doesn’t mean you should.” That’s what I came up with after the lady asked me to write down my favorite quote. Nothing had come to mind but that statement. That was it. Of all the books I’ve read and of all the people I’ve studied, is that THE quote? Come on. But it has stuck with me over the past few weeks since the incident. As I think back in my professional career, I have lived and continue to live that statement. As a matter of fact, the more I’m able to apply it to my life, the more successful I become. I remember the first time that I decided to stop fixing the office printer early in my career. Yes, I could do it, but so could someone else and my time was best served elsewhere. It’s not…

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9

How to Form a Great Partnership

Partnerships are important part of business as well as ministry. Great partners can help you grow while a bad one can be the death of a dream. While we can easily form a partnership, it takes a long time to break one apart, sometimes with dire consequences. Here’s what I consider before going into a partnership with an individual or organization. Trust. If there’s no trust then you should never, ever go into any kind of partnership. If you get the feeling that the other party is waiting for you to mess up so they can get the upper hand on any situation, run for the hills. Respect. Whether it be business or personal, if you don’t respect the leader of an organization, then you shouldn’t create any kind of partnership, no matter how beneficial it looks on the onset. Once, I went to work for a man because I…

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Trust and Competence: Leaders Must Have Both to Succeed

Some people you trust with your life. Some people you know will get the job done. These are two essential qualities that every leader looks for in building their organization. But unless you find both trust and competence in those whom you lead, you don’t have a dynamic team who can grow your business, church, or not-for-profit. As a matter of fact, without trust and competence, the only thing you have is a mess in your hands. The trustworthy and yet incompetent is often the first to be hired and the last to be let go. After all, who does not love someone you can trust, someone you know will have your back and whom you do not have to worry about what they are “up to?” However, his inability to perform and deliver will catch up with him and the entire team. Sure, he’s a likeable person, but in…

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10

Getting Your Way: The Art of Negotiating.

Life is a series of negotiations. We negotiate our way through traffic, we negotiate with family, with our boss,  with a car salesman, and with our clients. Some of us are better at it than others. But whether it comes naturally and easy or whether negotiating is hard work, your negotiating skills are on the line every day. In the art of the deal, proper communication is critical. Here are a few things to consider next time you want to get your way. Know your non-negotiables. Some things in life, such as your morals and convictions, should never be up for discussion, and they ought to be truly deal breakers. If you don’t know what they are,  you’ll always find your life in the midst of a mess. Figure out your non-negotiables before your life becomes unmanageable. Know what you want. I’ve seen people try to negotiate without knowing what…

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2

A Dysfunctional Team? Blame the Boss

“I just wish my team would get along,” I heard from a leader not long ago. That’s not an uncommon complaint. But the more I learn about organizational health, the more I blame the leader for getting it in such predicament. In my experience, unrest, infighting among departments or ministries, or divisions within an organization can be traced back to two main factors: lack of clarity and/or organizational culture. And in either case, they are always set from the top down. Lack of clarity allows any good idea to be valid. Without a clear and articulable focus for your organization, any good idea is worth fighting for. I have worked with leaders who want to lead by consensus without a clear focus of identity and purpose. It’s a disaster. Usually the person with the strongest personality within the organization gets his or her way while others resent and get frustrated.…

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17

Expose Yourself Out of Business

“We priced it low because we wanted the exposure.” Every young, and even some seasoned entrepreneur can fall on the trap of the “exposure” temptation. In the search for legitimacy and clout, entrepreneurs want to have the recognizable “big fish” names in our portfolios.  After all, that means great PR and lots of new clients, right? Wrong. There are several traps of  such reasoning: It sets the wrong expectations. You will enter an organization at the wrong level. Your first job defines what level of player you are. You do not want to be the “cheap” guy. Trust me on this one. It’s not sustainable. Even if your project is successful and the client loves the results, you have set an unrealistic expectation of cost, timelines, and services. When your next bid comes in at twice the price of your first, your new client will balk. “They’re good but not…

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2

Know Your Audience and Improvise: A Lesson from a Restaurant Server

Understanding your audience’s motivation is key in finding opportunities to reach them. That point was driven home a while back during dinner at J. Alexander’s in north Atlanta. Our server, Jimmy, did something I haven’t seen done much lately in a restaurant. He assessed the situation and improvised, getting our gratitude as well as up-selling us another course. As I looked at the description for the sea bass special, the words “puddle of brown butter sauce” got my attention. I told Jimmy I was trying to eat clean and if there were an alternative to my butter dilemma. Shortly after our exchange he asked if we wanted an appetizer. Since our options were fried, cheesy, or fried and cheesy, I declined. Thinking on his feet, literally, Jimmy asked, “What about our seared Ahi tuna appetizer?” Interestingly there was not an Ahi tuna appetizer on the menu. “It’s not there, but…

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11

What to Do on a No-Win Business Situation

One of the toughest lessons I had to learn as a businessman was to identify and successfully deal with a no-win situation. That’s a very difficult situation for an entrepreneur to navigate because most of us are optimists by nature. We want to believe we can rescue the relationship, deliver on our promise,s and save the day. But with experience and better understanding of human behavior, I have come to believe that sometimes the best course of action is to cut your losses and walk away before the hole you find yourself in becomes your grave. No one wants to admit failure and throw in the towel too soon, but here are a few scenarios that if you find yourself in, you should consider walking away. Lost trust. Whether one or both side loses trust, it’s time to call it quits. If you cannot trust your partner, an employee, a…

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